Convergence Partners Communication Infrastructure Fund Reaches a Final Close (Sub-Saharan Africa)
Source: Convergence Partners
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government Employees Pension Fund; development finance institutions International Finance Corporation, CDC Group, FMO and the Development Bank of Southern Africa; European Union lender European Investment Bank; and an Africa-focused fund of funds.